2021-12-31-accounts

		Page
Trustees' report		1-6
Statement oftrustees'	responsibilities
Independent auditors'	report	8-10
Statement offinancial	activities
Balance sheet		12
Cash flow statement		13
Notes to the accounts		14-25

				Unrestricted	Designated	Restricted	Total	Total
		Notes		funds	funds f	funds	2021f	2020
Incomin resources from		enerated	funds
Donations and legacies				32,441		145	32,586
Trading activities					1,504,234		1,504,234
Investment income				337,932	101,210	44,053	483,195
				370,373	1,605,444	44,198	2,020,015
Other incoming resources				15,751	212,235		227,986
Total incoming resources				386,124	1,817,679	44,198	2,248,001
Resources ex ended
Costs ofgenerating funds
Investment management	costs			71,968	22,257	10,019	104,244
Net incoming resources	available			314,156	1,795,422	34,179	2,143,757
Charitable activities
Donations				351,479		633,810	985,289
Convent costs				567,586	30,950	17,468	616,004
Total charitable expenditure				919,065	30,950	651„278	1,601,293
Trading activites					1,701,977		1,701,977
Total charitable and trading		expenditure		919,065	1,732,927	651,278	3,303,270
Governance costs				31,944	6,473		38,417
Total resources expended				1,022,977	1,761,657	661,297	3,445,931
Net (outgoing)/incoming	resources			(636,853)	56,022	(617,099)	(1,197,930)
Other recognised gains	and	losses
Net movement in investments				2,512,664	558,618	303,042	3,374,324
Net movement in funds				1,875,811	614,640	(314,057)	2,176,394
Fund balances at 1 January
2021				26,061,908	6,393,040	3,087,643	35,542,591
Fund balances at 31 December
2021				27,937,719	7,007,680	2,773,586	37,718,985

Fixed assets
Tangible assets investments			3,899,649 32,405,015
			36,304,864
Cur rent assets
Debtors Cash at bank and in	hand	1,131,506 543,217
Creditors: amounts	falling due within	1,674,'723
one year		{260,402)
Net current assets			1,414,321
Total assets less current liabilities			37,718,985
income funds
General funds Restricted funds Designated funda			27,937,719 2,773,586 7,007„680

						2021	2020
				Notes		E	F
Net cash	(outflow)/inflow	from operating
activities				17		(1,687,515)
Capital expenditure
Payments	to acquire tangible		fixed assets		(6,990)
Investments
Investment	income				483,195
Investment	movements				(402,008)
Net cash	inflow					74,197
Decrease	in cash			18		(1,613,318)

			2021	2020
Nursing home fees			1,504,234
Staff costs			(1,243,501)
Repairs and equipment			(180,075)
Management	fees		(60,493)
Water, power	and rates		(68,436)
Consumables	and amenities		(90,775)
Other costs			(58,697)
Net income (loss) from trading		activity	(197,743)

		Unrestricted	Designated	Restricted	Total	Total
		funds	funds	funds	2021	2020
					E
Rental income		25,560	1,694		27,254
Dividends		233,322	71 231	31,566	336,119
Investment	interest	79,050	28,285	12,487	119,822
		337,932	101,210	44,053	483,195

	Unrestricted	Designated	Total	Total
	funds	funds	2021	2020
			f.
Other income	15,751	60,936	76,687
Sisters' pensions		151,299	151,299
	15,751	212,235	227,986

7	Total reso	u	rces exp	ende	d
									2021	2020
	Costs ofgenerating			funds
	Investment		management		costs from unrestricted			funds	104,244
	Investment		management		costs				104,244
	Charitable		activities
	Donations
	Donations	from restricted			funds				633,810
	Donations	from unrestricted				funds			351,479
	Total								985,289
	Convent costs
	Restricted	convent costs							48,418
	Unrestricted		convent	costs					567,586
	Total								616,004
	Trading activites
	Care home		costs from designated				funds		1,701,977
									3,303,270
8	Governance		costs
									2021	2020
									f	E
	Accountancy								22,914
	Legal								8,935
	Other costs								6,568
									38,417

The average monthly number ofemployees during	the year was:
	2021	2020
	Number	Number
	71
Employment costs	2021	2020
Wages and salaries	363,915
Social security costs	21,890
Other pension costs	6,430
	392,235

12	Tangible assets	f	f	f
		Land and	Plant and	Motor
		buildings	machinery	vehicles	Total
	Cost/valuation
	At 1 January 2021
	Transferred to entity	3,840,000	144,310	35,916	4,020,226
	Additions		6,990		6,990
	Disposals			(8,991)	(8,991)
	At 31 December 2021	3,840,000	151,300	26,925	4,018,225
	Depreciation and impairment
	At 1 January 2021
	Transferred to entity		72,633	24,741	97,374
	Depreciation charge for the year		26,091	4,102	30,193
	Eliminated in respect ofdisposals			(8,991)	(8,991)
	At 31 December 2021		98,724	19,852	118,576
	Carrying amount
	At 31 December 2021	3,840,000	52,576	7,073	3,899,649
	At 31 December 2020

Fixed asset investments	Fixed asset investments
Listed investments
Market value at 1	January 2021
Transferred to entity		27,583,682
Gains and losses	on investments	1,887,395
Stockbroker fees		(97,989)
Capital introduced		500,000
Dividends		336,119
Interest		118,635
Funds forwarded	to sisters	(454,756)
Increase in market value		1,486,929
Market value at	31 December 2021	31360015

Investment property
Market value at 1 January 2021
Transferred to entity	1,045,000
Gains (losses) on revaluation
Market value at 31 December 2021	1,045,000
Total fixed asset investments	32,405,015

14	Debtors				2021	2020
					E
	Trade debtors				31,101
	Other debtors				1,100,405
					1,131,506
	Amounts falling	due after more than one year and	included	in the debtors
	above are:
					2021	2020
					F
	Other debtors due over 1 year				991,366

15	Creditors: amounts	falling due within one year	2021	2020
			E
	Trade creditors		57,100
	Other creditors		90,026
	Accruals		109,872
	Deferred income		3,404
			260,402

Analysis	o	fnet asse	ts bet	ween	funds
							General	Designated	Restrcited	Total
							funds	funds	funds
									E
Fund balances at 31			December 2021 are
represented		by:
Tangible	fixed assets						3,777,073	52,576	70,000	3,899,649
Investments							22,764,323	6,964,642	2,676,050	32,405,015
Current assets							1,419,976	224,474	30,273	1,674,723
Creditors:		amounts	falling	due	within	one
year							(23,653)	(234,012)	(2,737)	(260,402)
							27,937,719	7,007,680	2,773,586	37,718,985

17	Net cash	(oufflow)/inflow	from operating	activities	activities			2021	2020
								f	f.
	Reconciliation to changes		in resources
	Changes	in resources before revaluations						(1,197,930)
	Investment	income						(483,195)
	Depreciation oftangible fixed assets							30,194
	Increase in debtors							(74,660)
	Increase in creditors							38,076
								(1,687,515)
18	Reconciliation ofnet cash flow to movement				in net	funds		2021	2020
	Decrease	in cash						(1,613,318)
	Net funds	at 1 January	2021					2,156,535
	Net funds	at 31 December 2021						543,217
19	Analysis	ofnet cash balances
					At 1 January		Cash flow	Non-cash	At 31
						2021		changes	December
									2021
	Cash at bank and in hand				2,156,535		(1,613,318)		543,217
					2,156,535		(1,613,318)		543,217

At 31 December 2021 the company had annual commit	ments under operating leases as follows:
	2021	2020
Expiry date:
Within one year	23,572
Between two and five years	90,714
In over five years	26,218
	140,504

Tangible fixed assets	3,922,852
Investment properties	1,045,000
Investments	27,583,682
Debtors	1,056,848
Cash at bank	2,156,535
Creditors	(222,326)
Total net assets	35,542,591

Representing:
General funds	25,623,340
Revaluation reserve	438,568
Designated funds	6,393,040
Restricted funds	3,087,643
Total funds	35,542,591